26 sats \ 6 replies \ @kr 27 May 2023 \ on: [Canada] What are your plans for civil unrest? bitcoin
there are a number of concerning trends in Canada:
- crime in Canadian cities is definitely ticking up
- housing continues to be some of the most expensive in the world
- the Bank of Canada holds no gold or Bitcoin
however, there are also reasons to be optimistic:
- hard-working immigrants are flocking to Canada in hopes of a better life
- a pro-Bitcoin candidate has a great chance to become prime minister
- we have so many natural resources that can protect us from certain commodity price increases
overall Canada certainly isn’t perfect, but i think the fear and uncertainty being shared on social media in the last few years is significantly exaggerated… often by Americans who have never even visited Canada.
imo Canada is still one of the best countries in the world to live in, hopeful that it will continue into the future too.
The violence is directly related to the unrelenting immigration scheme and lack of meaningful social advancement outside real estate lottery
reply
what would you like to see Canada do to improve social advancement opportunities?
reply
... stop mass immigration. It's not helping young people or the immigrants already here.
The currency is already highly devalued against housing and real costs. Fixing that will take generations and likely also require some kind of citizens movement against excesses of central banking, fractional reserve banking.
Also across the board corruption purges, I don't mean in a partisan way. The political class is very much out to lunch, on both sides of political spectrum, and statistically profiting off their own real estate ponzi. It looks completely corrupt from my point of view as an immigrant, and platitudes about how hard immigrants can work are not cutting it. It's also pretty inexcusable if you're a young person who "did everything right" and is still screwed.
reply
Your first reason for optimism is one of the biggest problems, and I say that as an immigrant. It's kind of pandering / pablum at its finest.
This country has suffered under the past high levels of immigration, the immigrants themselves bearing the brunt of the lack of opportunity and low wages. Secondarily the people who were hoping for pressure on labor market to move in their favor. |
There simply needs to be a moratorium on immigration if anything is to improve. The literature from labor studies, MIT/IEEE on tech labor trends has basically shown there is not labor or skills gap. It's just a ponzi
reply
To be clear, I'm criticizing the reflexive "gee we love immigrants, immigration is good!" attitude. The first part is kind of social signalling / fear of criticism, the latter part is simply not true beyond a certain threshold.
This is not a criticism of individual people or cultures, but more the idea that you can treat people as economic widgets and assert that bringing millions into an economy that can't support them... that it's somehow good... it's not. There are many TikTok / Twitter feeds from immigrants who are fed up with the quality of life and are basically sick of hearing how much Canada loves immigrants. It's a structural econ / numbers problem, not an argument based on "I don't like group <x> I want more of group <y>." We are literally at the much ruder point of "Fuck off, we're full" except it's the immigrants saying it now
reply
i’m speaking about my personal experiences growing up among Canadian immigrants… many of my high school classmates went from low-income housing to getting software engineering jobs at Google & Facebook right out of university.
i truly believe they worked harder on balance.
reply